Protesters German Taxi drivers fear for their existence, investors in New York smell a billion-dollar business: The ride-service provider Uber shows this week, all of his ambivalence.
This Thursday Uber wants to go out with Details of its planned IPO to the Public. It could be revenue on the exchange of tens of billions of dollars – mobility pioneer would then be 90 to 100 billion dollars a rating. In December, Uber had announced its IPO, officially, in may it’s supposed to be now, I guess.
The issue price for a share is fluctuating currently between 48 and 55 dollars, reported the “Wall Street Journal” on Wednesday. It would be one of the biggest IPOs in history. Even now, the Uber of private investors will be supported vigorously. Uber founded in 2009, strives for a leadership role in the development of self-driving cars. Main activity of Uber, the teaching of driving is offered on Smartphone Apps.
Taxis in pace
The company is now in more than 60 countries – with very different Offerings, depending on the legal situation. Thus, Uber has become a competition for established taxi companies. For how dangerous the existing taxi drivers to hold this competition, you could see this week in Germany. Thousands of Taxis without passengers slipped on the step, tempo through many of the main traffic arteries In around 30 cities, taxi drivers demonstrated against the planned liberalisation of the transport service market in Germany, traffic was partially blocked significantly.
Anti-Uber action from Berlin Taxis on Wednesday
Already, reported one driver in Berlin, would be its loss of revenue due to the new competition in ten to 20 percent. Would the Reform of the relevant passenger transport act, threatens his existence. Uber offers significantly cheaper trips, if the law allows. In Germany it is only in exceptional cases, the government sector works, but not in a loosening of the strict requirements for the passenger.
In 750 cities worldwide
Uber is therefore cheaper because it usually has no own cars for the offer, but the placement of rides via a Smartphone is limited. The driver acts as its own contractor. Uber collects a fee, and in 750 towns and cities in the world.
In the meantime, has extended its range considerably. The group is involved in the delivery of food, in the U.S. city of San Diego for a package service, electric bikes and scooters in the range, is built under the name of UberFreigt your own fleet of Trucks and want to Drive when Autonomous, with its own developments in the very front of the muscle.
Also an Uber-range: E-scooters in Los Angeles
Worldwide, this mobility business, a Business in the amount of $ 250 billion, if the estimate of the Fund Manager Dan Morgan of Synovis Trust to be true. The German “Handelsblatt” quoted in this week from his analysis. Uber will back up of almost two-thirds. On another third competitor is targeting, therefore, Lyft.
The competitor disappointed in the stock market
Lyft is smaller than Uber, has made it all the way to the stock exchange, but earlier than the large competitor. However, investors soon after the initial public appearance disappointed from Lyft – which is the market value now is around 20 billion dollars. After the debut on Wall Street at the end of March, Lyft made after the initial course, least of all in a rather lackluster development. On Wednesday, the papers of the car service agent that enters like Uber have so far mainly been losses, approximately ten percent below the issue price listed.
ar/hb (dpa, afp – archive)